Retail Space
104 Armour Drive Houma, LA 70364
Details & Description
Price: $1,837,800
    SRSA Commercial Real Estate is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN, corporate guaranteed, Big Lots! investment property located in Houma, Louisiana. The tenant, Big Lots!, Inc., recently extended and modified the lease to 5/1/2028, demonstrating their long-term commitment to the site. The lease features an option to renew 2/1/2028 at an 8.8% increase over the current rate. The lease is corporately guaranteed by Big Lots!, Inc. and is NNN. Big Lots!, Inc. is an established, publicly traded retailer (NYSE: BIG) with over 1,400 stores in 47 states and S&P Credit Rating of BBB-.Big Lots! at 104 Armour Drive is a free standing retail store containing 26,040 square feet, located approximately 180 ft east of W Park Avenue (LA 24) which averages 30,000 vehicles passing by daily. This site has been open and paying rent throughout the COVID-19 pandemic, has a 22 year operating history going back to 1998, and has a strong 4.5% Rent to Sales Ratio with store sales in excess of $3,300,000. Southland Mall is an adjacent neighbor across the street to the north of the site – the only regional mall within a 50-mile radius. As a regional mall, Southland Mall draws shoppers to this area from the greater MSA communities of Terrebonne, Lafourche, St. Mary and Assumption Parishes.
    Property ID:    211930
    Property URL: melqr.com/211930
    Generated:    05-09-24
    Listing Agents
    Steven Reisig

    O: 504-620-0349
    sreisig@srsa-realestate.com
    SRSA Commercial
    SRSA Commercial Real Estate
    O: 504-831-2363
    ETanner@SRSA-RealEstate.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Retail Space / Louisiana / Houma / 70364 / 104 Armour Drive

    104 Armour Drive

    Houma, LA 70364

    Listing ID: 211930
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    Building Size: 26,040 SF
    Lot Size: 3.000 AC
    Land Size: 130,680 SF
    Building $/SF: $70.58
    Land $/SF: $14.06
    Price
    $1,837,800
    Description

    SRSA Commercial Real Estate is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN, corporate guaranteed, Big Lots! investment property located in Houma, Louisiana. The tenant, Big Lots!, Inc., recently extended and modified the lease to 5/1/2028, demonstrating their long-term commitment to the site. The lease features an option to renew 2/1/2028 at an 8.8% increase over the current rate. The lease is corporately guaranteed by Big Lots!, Inc. and is NNN. Big Lots!, Inc. is an established, publicly traded retailer (NYSE: BIG) with over 1,400 stores in 47 states and S&P Credit Rating of BBB-.

    Big Lots! at 104 Armour Drive is a free standing retail store containing 26,040 square feet, located approximately 180 ft east of W Park Avenue (LA 24) which averages 30,000 vehicles passing by daily. This site has been open and paying rent throughout the COVID-19 pandemic, has a 22 year operating history going back to 1998, and has a strong 4.5% Rent to Sales Ratio with store sales in excess of $3,300,000. Southland Mall is an adjacent neighbor across the street to the north of the site – the only regional mall within a 50-mile radius. As a regional mall, Southland Mall draws shoppers to this area from the greater MSA communities of Terrebonne, Lafourche, St. Mary and Assumption Parishes.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

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    Houma Area Market Trends

    Listing Demographics for 104 Armour Drive Houma, LA 70364

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population7,76732,82268,084
    Population Median Age363637
    Population by Age0-9 Yrs1117 (14%)5312 (16%)10135 (14%)
    10-19 Yrs990 (12%)4037 (12%)8645 (12%)
    20-29 Yrs1523 (19%)4746 (14%)9865 (14%)
    30-39 Yrs850 (10%)5014 (15%)10329 (15%)
    40-49 Yrs819 (10%)3411 (10%)7210 (10%)
    50-59 Yrs913 (11%)4164 (12%)8985 (13%)
    60-69 Yrs799 (10%)3209 (9%)7013 (10%)
    70+ Yrs756 (9%)2928 (8%)5902 (8%)
    Median HH Income$48,500$53,167$53,624
    Total Household Income< 24K631 (21%)3021 (25%)6631 (26%)
    25-49K897 (30%)2725 (22%)5285 (21%)
    50-74K433 (14%)1848 (15%)3800 (15%)
    75-99K467 (15%)1872 (15%)3290 (13%)
    100-199K443 (14%)2156 (17%)4797 (19%)
    200K+93 (3%)379 (3%)1075 (4%)
    Highest Education LevelNo Diploma92537917818
    Diploma or GED1891793816480
    Some College88945479421
    Assoc. Degree42814563009
    Bachelors Degree61526745834
    Higher Degree21410742332
    Total Housing Units3,17313,57627,812
    --Owner-Occupied1,8207,65116,428
    --Renter-Occupied1,1454,3508,449
    Owner-Occupied Values< 100K25015193838
    100-199K126840566642
    200-299K26012693516
    300-399K204431289
    400-499K7185618
    500K+15179525
    Total Working Age Population6,12725,07752,258
    In Work Force3,63215,27331,588
    Not In Work Force2,4959,80420,669
    Workforce Employed3,51914,48629,573
    Workforce Unemployed936791,877
    Civlian Workforce3,61215,16531,450
    Military Workforce19109138
    Total Households2,96512,00124,877
    Family Households1,9087,86616,345
    Non-Family Households1,0574,1358,532
    Married Couple1,3105,36210,964
    Other Family5982,5045,381
    Married w/Child5082,3964,785
    Single Male w/Child110310671
    Single Female w/Child1487641,883

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Louisiana4,468,976+14,533,372+14,588,310+54,813,420
    Lafourche Parish89,974+796,318095,990095,990
    Terrebonne Parish104,503+7111,860+11124,410+1125,210

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 104 Armour Drive in Houma?
    The asking price for 104 Armour Drive is $1,837,800
    What is the building size of this Retail property in Houma, LA?
    The size of the building/unit at 104 Armour Drive in Houma is 26,040 square feet
    How much land does the Houma, LA property at 104 Armour Drive include?
    104 Armour Drive in Houma includes 3.000 acres of land
    What kind of Retail is the propery at 104 Armour Drive?
    The property at 104 Armour Drive Houma, LA 70364 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 104 Armour Drive in Houma?
    The population within 1 mile of 104 Armour Drive Houma, LA 70364 is 7,767 people.
    Who do I contact for questions about 104 Armour Drive?
    You should contact the listing agent, Steven Reisig, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Louis Armstrong New Orleans International Airport (MSY) 39
    Lafayette Regional Airport (LFT) 84
    Gulfport Biloxi International Airport (GPT) 114
    Price
    $1,837,800
    Listing Agent
    Steven Reisig - CRE Agent at

    Steven Reisig

    SRSA CRE

    VIEW AGENT PROFILE

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    Listing Co-Agent
    Steven Reisig - CRE Agent at SRSA Commercial Real Estate

    SRSA Commercial

    Independent Agent
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